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government asked the u.s. to press for an end to the offensive. but the obama administration lined up with the israelis. state department spokesman mark toner said the u.s. believes israel has the right to defend itself. >> our position is clear that there's no justification for the violence that hamas and other terrorist organizations are employing against israel. and the onus is on them to cease their rocket attacks so that this de-escalation can take place. >> suarez: earlier, i spoke with the israeli ambassador to the united states michael oren to discuss the latest developments. ambassador, what's the latest from tel aviv? where the strikes accurate? have missiles actually hit the city and is anyone snurt >> thankfully nobody was hurt. the rockets struck in the greater tel aviv area. the alarms went off. the sirens, prime minister netanyahu was in the city at the time to a bomb shelter and now this simply means that 4.5 million israelis-- over half the population of the state of israel-- has come under rocket fire from terrorists within gaza >> suarez: does this represent a signi
with america's immediate neighbors. last year the obama administration blocked an extension to the keystone excel pipeline that would help deliver oil from canada's tar sands, eyely controversy bull productive sands to the gulf of mexico. largely on environmental grounds. now the state department is reviewing the pipeline route. the pipeline will likely get approval and get built. either way, the energy relationship between the u.s. and canada will continue to grow. and while president obama meets with his newly elected mexican counter part this month, a major topic will be obama's goil goal for immigration reform. it's a domestic issue with regional economic implications for both the united states and mexico. so president obama has got a lot to think about. joining me now is fareed zakaria. he is host of "gps." you understand the economy and foreign affairs. let's talk about europe first of all. you get the impression that china was the biggest economic threat to the united states. but if europe doesn't get its act together, the trade between europe and the u.s. is greater. should the pres
and the obama administration over susan rice. she went out on the sunday talk shows and got some of the information wrong about what happened in benghazi. president obama on wednesday strongly defended her in the wake of attacks from senators john mccain and lindsey graham. >> obama: if senator mccain and senator graham and others want to go after somebody, they should go after me. and i'm happy to have that discussion with them. but for them to go after the u.n. ambassador who had nothing to do with benghazi and was simply making a presentation based on intelligence she had received and besmirch her reputation it is outrageous. >> this fight over benghazi is getting nasty peter ogborn. >> yeah, it is. it is. and sadly, it's becoming politicized because there may be a real issue there but who knows. there's so much noise from republicans, especially that we're clouding the issue. >> dan henning with the "full court press" this morning. dan? >> this is the "full court press." >> good morning, gentlemen. oth
done? i don't really see any sanctions or any aggression from the obama administration on north korea. i know there are talks going on but specifically president obama dealing with 25-year-old kids, i believe, should be done. i think president obama could actually talk to him and maybe get back to the six-party talks. i would like to know your opinion on that. guest: i think that's a good question. you know, you mentioned the new leader of north korea, kim jong il's favorite son is now in power. i don't think there's a great deal we know about him. north korea is a famously closed society. and the obama administration's policy has been relatively consistent. there's certainly a fear of nuclear exploration. there's been shakeups in the north korea military now. wlorn that's an internal power strug, we don't know. "foreign policy" has done some reporting on this, where one of the generals was purged an perhaps killed by mortar fire. in terms of six-party talks, those are ♪ been ongoing for a long time. perhaps that's something obama will bring to the table on his asia trip but there i
. stop fighting these wars. our national debt through the bush and obama administrations, our debt went up over $4 trillion just because of these wars that are totally senseless. the loss of life. now there are talking about, what are we going to go in -- we are so much involved with libya. look at what is happening with libya. it want to go to war against iran. i would say, that is the place to have big cuts. we all ought to agree on doing that. i want to raise -- i would not raise taxes. we need to cut spending. if you raise taxes, you're going to have a weaker economy. some of the tax cuts, even for the middle-class occurred for the bush administration. you do not want to raise taxes on the middle class. it will not be enough money. i think you have touched on something. i think we need to deal with the military. we cannot do that unless we change the foreign policy. we are not the world policeman getting involved with all of these countries. i think the american people ought to agree on that issue more readily than anything else. i do not see why we should talk about cutting health
one more term. he has promised robust oversight of the obama administration. >> i am sure he has. and speaking of oversight, isn't that one of the few places on the senate side where there might be a new -- sorry. >> tom carp ser set to take over. leiberman is retiring. the ranking republican is term limited out as we were talking about with the house votes. senate republicans have the same rule. he has been very serious. he has a very talented group of people working for him on that committee doing investigations and what not. and carper, i actually think, that they will get along pretty well and both will likely be focused on the government affairs part of the committee. not that they will ignore homeland security. i am sure they won't. but i think they have an interest in that area. >> top seats changing hands. >> the budget committee. conrad is retiring. patty murray is up for the seat. we say she is the favorite for it, and i agree. but i do think there is a possibility that she does not take it. last time i talked to her people they said she hasn't made a decision yet. you
specific things have members said about the obama administration's response that has not been adequate enough? >> will come you hear different democrat and from republicans. republicans are particularly critical. they believe the obama administration should have known right away. this is not a spontaneous attack, not part of the protest, for example. they want to understand who knew what when. what does the president know about the attack? what is his national security team now? now they want to know who knew about the securities and the lead up to the attack because there were people in tripoli and libya saying that there wasn't enough security concerns because of the things going on in libya. >> mccain, graham and india yesterday made remarks about u.n. ambassador susan rice. what did they say in what is it mean in context context of the benghazi attacks? >> well, basically what they said is they don't trust her. they said she should have known better that you say five days after the attack but it looks to be a spontaneous response to anti-muslim video. they said she should have know
mccain that they are not going to cooperate with the second administration of barack obama, that they are going to stall out all of his nominations. this is their warning shot that they are going to filibuster her appointment and perhaps anybody else's. i think that's what it is. and here is the intelligence committee member. >> again, i'm really confused. the only point in contention really is whether or not this attack emerged from a protest and as soon as the information became clearer and it did take some time for that to happen, then that was perfectly clarified. there is absolutely -- it's inconceivable to me for anybody to speculate there would be a deliberate misleading of the american people. why would there be? it's perfectly inconsequential al. there was a spontaneous demonstration and the terrorist groups organize niced to take tunistic advantage of it or not. in any case, there is no advantage to mislead the american people in that regard. i mean you have to have motivation behind it and there is none. and as soon as the intelligence became clearer and as a mem
together on this and the obama administration for their continuing efforts to open up trade opportunities so that we can make it here and sell it everywhere, which is, i think, should be our focus. in addition to that, i think it shows how over time old wounds can be healed and new relationships can be built. i spoke earlier today with the consulate general for the state of israel in philadelphia offering my support and concern for the unfortunate circumstances that are taking place in the middle east now in which hundreds of bombs have -- rockets have been shot at israel. some of its largest cities as the targets. and this is a matter in which obviously much high levels in our government, there have been communications and the assurance that israel has the right to defend itself. but i think that we can see in this russia trade agreement that if we can get to the point where there can be relationships that are built on self-interest and economic development, that we can put the weapons aside and move towards a circumstance in which people are focused on economic activity. we see in this
the obama administration from defending delma to arguing it is unconstitutional has recommended to the court that its grants in the winter case. there's a lot of petition confront. there's only two cases where there's a court of appeals opinion. the winter case in the second circuit and one from the first circuit. i think the winter case is the more likely one, in part because the justice department has recommended that. so i really think that case is going to become that case is going to be a. i would be extremely surprised if the supreme court does not grant review in that case. and we cannot get a decision on the constitutionality of doma. the other two cases, the famous case which chad those a little bit about, is the prop eight case in california. that's from ninth circuit appeals decision, which by a two to one vote struck down prop eight. the supreme court denied search. the impact of that will be to affirm the ninth circuit opinion and prop eight will be unconstitutional. i think it's a big question what the court is going to do. there aren't and speak to the court that look, you don
procedures. jpmorgan shares adding just a tenth of percent in frankfurt trade. obama administration is planning to take steps to fill the capital hole to help avoid the need for taxpayer bailout, department of housing and urban development says independent audit found the fha's capital reserves had fallen into negative territory. hud plans to outline measures to shore up the pha which insures one out of every three u.s. mortgages. and dell continues to struggle with a shift from pcs to tablets. sales to consumers dropped by nearly a quarter. dell is projecting another decline in its first quarter. and apple lost almost 20% in the last month alone. is it lack of buyers or disappointment? more information at cnbc.com. and we've asked you where you think apple stock is headed now and whether it's a buying opportunity. jeff tweets in to say he's unsure whether it's a buying opportunity. it's lacking a jobs like new market moving product. disagree us @cnbcwex. #. >>> a pair of notable earnings on the calendar. foot locker and jm schmucker. president obama will also begin budget talks wit
senior officials in the obama administration looking to leave for the second term. secretary of state lilg healthing hillary rodham clinton and leon panetta both expected to depart. likewise, the president might have to find replacement for treasury secretary timothy geithner and attorney general eric holder if they decide that they, too, would like to leave. toipt bring in our white house correspondent briana keiller to talk about just more on the president's plate here. how does this add to what he needs to get done starting in the next year? >> it really adds to it. i mean, you've got this issue, obviously, that comes after any re-election. the turnover of the cabinet, suzanne, but just think of the big plate that this is being added to. first offer, the fiscal cliff. that is obviously the biggest issue that president obama has to deal with. you're looking at tax cuts that expire at the very end of december, and then those spending cuts that are set to kick in on january 2nd. as he works, obviously, figuring out the new faces on his cabinet. he has his anything raugs on january 20t
.s. military and the obama administration is expected to address it. white house press secretary jay carney scheduled to begin the briefing at the white house in moments. as soon as it starts we'll bring it to you live. [ male announcer ] this is bob, a regular guy with an irregular heartbeat. the usual, bob? not today. [ male announcer ] bob has afib: atrial fibrillation not caused by a heart valve problem, a condition that puts him at greater risk for a stroke. [ gps ] turn left. i don't think so. [ male announcer ] for years, bob took warfarin, and made a monthly trip to the clinic to get his blood tested. but not anymore. bob's doctor recommended a different option: once-a-day xarelto®. xarelto® is the first and only once-a-day prescription blood thinner for patients with afib not caused by a heart valve problem, that doesn't require routine blood monitoring. like warfarin, xarelto® is proven effective to reduce the risk of an afib-related stroke. there is limited data on how these drugs compare when warfarin is well managed. no routine blood monitoring means bob can spend his extra
to deliver on friday, now unburdened by the constraints of his old job, no longer a member of the obama administration, if he might be a little more free to talk about what he really knows about what happened in libya? >> i think it's a great point but know, rick, that would be even worse because it would suggest that he did sort of cave to pressure in the previous testimony. so, if he does anything to change any of it, i think that, that it becomes that much more serious. quite frankly i think it becomes sort of indefensible for the intelligence committee to protect, you know, the intelligence community from that sort of scrutiny and from making this stuff public. i just, i can not understand what the justification would be for them to not let this stuff become public just because of the soap opera angle to all of it. rick: charlie hirt, columnist with the "washington times." charlie, thanks so much. >> thanks, rick. jenna: this just in. lawmakers hearing testimony now on capitol hill trying to get to the bottom of that deadly meningitis outbreak we've been talking so much about that w
. >>> the battle over benghazi. we're putting in focus this morning as lawmakers try to figure out what the obama administration knew when. the administration came under fire in the immediate days after the attack for blaming it on that anti-islam video. we've since learned that it was an act of terrorism, but what are the reasonable expectations of fast intel in a case like this retired brigadier general mark kimmet joins me now from washington. we live in a society, general, where we're used to getting information instantly, has twitter, facebook, pdas spoiled us that even when information on a national security issue is incomplete or delayed? i mean, there is an uproar. >> well, there may be that expectation, and i think the government needs to be very, very careful as we've seen in this incident of getting out in front of the story, getting out in front of the facts there. has to be some wisdom and maturity before you make pronouncements of national security importance before all the facts are known. >> but in terms of pressure, i mean, what kind of pressure is put on washington for some quic
's something china is watching very closely. deidre has more. >> the obama's administration to choose southeast asia as the president's first foreign trip since winning re-election was greeted by some with surprise. after all, there are far bigger economies in asia that warrant his attention. the strategic importance of southeast asia in the region is in full focus with u.s. president obama's visit to myanmar and hk's visit out here to singapore. >> it's part of a region where progress has been slowed by insecurity and mistrust. but it doesn't have to be that way. as burma opens up and establishes new ties, it could become a commercial hub linking markets in india and bangladesh with southeast asia. >> analysts say china will be paying close attention to this visit highlighting the delicate struggle for power being played out in this region. >> all we would have to do is add vietnam and it would be a very clear signal about china improving relations with allies. certainly it's going to be some that china will be paying close attention to. >> pepsi, coca-cola and ge have already begun to invest
million and above it's less and that's all i'm hearing from the obama administration peter at this point, is that high end thing. that doesn't solve anything at this point. >> right. raising tax rates and saying that's the only way to get revenue is a false choice. all we need to do is grow the economy more than it is today and you will get higher revenues. that's the simple math and again, the context of where we're going with these tax hikes is the u.s. economy is barely growing and why would we want to damage that? why do we want to shrink the private sector just as the time we need to increase it. >> they point out the president, when he signed the last compromise when he did the two-year extension he said it's not the right time to raise taxes. they do understand it can be below 250, more deleterious because people above 250 don't save it or they spend it. they understand it's not good for the economy. the $82 billion we were able to get might hurt the economy to the same extent we'll still be at $1 trillion and at $20 trillion within four or five years. >> last week we talked to da
into the libya raid and the obama administration's response to it. they also said they would try to block any attempt to nominate susan rice as the next secretary of state, describing her as unqualified for the job after she originally characterized the terror attack as a protest gone wrong. she went on the sunday shows including "meet the press" a couple days after the attack and said that. president obama in his news conference yesterday fired back at senators mccain and graham. >> let me say specifically about susan rice, she has done exemplary work. she has represented the united states and our interests in the united nations with skill and professionalism and toughness and grace. if senator mccain and senator graham and others want to go after somebody, they should go after me. and i'm happy to have that discussion with them. but for them to go after the u.n. ambassador who had nothing to do with benghazi and was simply making a presentation based on intelligence that she had received and to besmirch her reputation is outrageous. >> those republican senators were quick to respond to the
a little too much of that freedom recently. the obama administration meanwhile is giving states another month to decide what role if anything they'll play in carrying out the new health care law. states have been required to declare intentions by today, but they'll have until december 14th. republican governors have requested more time and the associated press reports that 16 states are still mulling decisions. and the "wall street journal" report it is that the office of the controller of the currency will formally serve jcht p morgan chase with actions regarding money laundering. on the cc expected to allege weakness in the antimony laundering systems. andrew, i'm going to take the opposite side of you on the whole delta thing. it's so obvious to take that side to say -- >> let's get the article here. >> what if it's been proven that -- >> let help set it up. >> what if it's proven that age has very little to do -- >> here it is. delta flies new routes to profits older jets. the idea is hear one of the reasons they're making as much money as they are is because they're not buying new
administration. signed on to obama care. what happened with two of the biggest corporations in the country. too broad of a stroke. we're against regulations when, in fact, guys like me got elected because small business own eers would take me into the office and say look at the osha forms. look at all these other forms i have. and so you sit there and you paint a broad brush and you're giving breaks to the big banks on wall street to get corporate welfare and -- >> that's always the tension. the tension is individual people understand how awful it can be to be yoekd to regulations of no help to a business that grosses a million dollars a year and has five employees whereas those regulations are necessary to manage the conduct of a company with 100,000 employees that actually, you know, dumps polluted water. but they're laid out across american business and they don't have an equal impact. they impact those who can least afford to handle them and that's why regulation is a problem. it's less of a problem for big business just as economic down falls and downturns are less of a problem for the wea
a feeling, dr. hamburg, you are being picked on because you're part of the obama administration, and republicans have been picking on obama for four years. and usually their mantra goes jobs, destroying regulation, let industry police itself, we don't want government involved. now they are saying we want more government involvement. and i think they are right. with one appropriate government involvement to stop these things from happening. so, you would think that our obligation would be to figure out, he had the authority? i respect that chairman greatly but i've never understood him to be a great legal scholar. seems to be there's some ambiguity. if there's an ambiguity it's our job to clear it up. you think there's an ambiguity because the law we drafted in 1997 said one thing and the court came in and said something else. you don't know what you can add, what do you can't act. if want to make you act in the future, other than just to beat you up do not i can, we got to make sure you have all of the authority appropriate to act. courts have thrown out part of that 1997 law. t
the obama administration as of today that wisconsin will throw up its hands, basically and leave that responsibility of organizing those exchanges to the federal government. his decision really not unexpected given his long opposition to this law. he stopped implementation last year on the hopes that the law would be overturned either by the u.s. supreme court or by republicans following the november election, but that was not to be, so now scott walker says that he will not take any responsibility for that. that will go back to the federal government. bill: sandy was so devastating as we know. we are learning that houses of war sheurp eve worship are struggling to help themselvesment lauren green is live. what did you find out. >> houses of worships are supposed to be sanctuaries for the broken hearted. countless are in great need of healing themselves. the repair work has done in bay head, new jersey but the road ahead is hrofpblgt the historic structure was built in the late 1800s and designed by boat builders but was never meant to withstand the urge of dirty bay water that s
accuse the obama administration of we is fairly fictitious. for the past several decades, even as coal production was increasing to record levels, because of increased mechanization, replacement of underground mining, and now mountaintop removal that destroys the entire mountains and ecosystems in west virginia and other parts of appalachia, using fewer and fewer workers to do that. the corporations, the fossil fuel companies that have an addiction to fossil-based fuels are the ones destroying the jobs of workers, but we need to find ways to transition the workers into new, productive jobs, better sustainable, and are building the clean energy economy for this country. the other part of this question about antiquated building codes and other restrictions, the caller is right. it is medieval bad -- that homeowners are restricted from putting solar panels on their houses that would be part of a transition. it is simply medieval -- similarly medieval that a company has not been able to build the first large-scale offshore wind farm in nantucket sound because a relatively small number of w
of conversation is likely to be news we are just now getting out of washington. the obama administration signaling that it is expanding the multi-year crackdown on bribes paid by u.s. companies to foreign officials under the foreign corrupt practices act and the administration out with new guidelines, 120 pages. the act that's been in place since the carter administration is too vague and putting u.s. companies at a competitive disadvantage. so now the department of justice and the securities exchange commission out with 120 pages of guidelines talking about what is a bribe, who is a foreign official. we've put all of these guidelines on our website. cnbc.com. you can read more about it. this is again something that business leaders have been clamoring for but they want changes in the law. we'll see if the guidelines are enough to ease their concerns. back to you. >> thank you very much, scott. let's get to it then. the clock is ticking in d.c. today on the fiscal cliff. 1:30 obama will hold his first news conference from the election. he's clearly not negotiating from the middle and ceos will tre
and believes that the 39.6 number is still on the table and that the can democrats and the obama administration still have the mandate. >> you're talking higher marginal rate ps p. >> yes. he doesn't believe there are not enough deductions. so many of the ceos that came out of that meeting seemed to be wink winwink, nod nod, says may he's not just talking 35%. deductions plus. >> i thought for sure raising the rate is on the table. that there will be no deal without raising the rate on the wealthy. >> the idea is raising the amount of taxes that wealthy pay and you can get there two different ways. one is by raising the marginal rate, one is raising the effective rate. >> but i don't. >> i've heard that as a way of stopping raising the rate. i don't think there's any discussion -- there will be no deal without eliminating the burke tax cuts on the wealthy. >> i think people are coming around to that view. >> but this is the republican view. >> but i'm saying -- >> if you listened to the president carefully last friday -- >> i'm not ed advocating either friday. >> the president last friday -- th
of the differences between the bush administration and the obama administration is that we believed, and a big many of us continue to believe, that this is a long war not against al qaeda. al qaeda is one manifestation but against a particular ideology. so our national security goals were, one, keep america safe, too, help promote freedom around the world. and those two things are linked because we believe they were linked. free countries are less likely to make were on their neighbors. so i think that to me the grand strategic goal of public diplomacy is the same as the grand strategic goal of foreign policy and national security policy, which is to achieve those two goals. and i think you never ever want to forget that those are the goals that need to be achieved. and public diplomacy's role in that i think does, in fact, revolve around the ideological part. and it is, not to quote myself, i hate to do that, but i can't say it any better. [laughter] >> a great man once said. >> the aim must be to ensure that negative sentiments and day-to-day grievances toward the united states and its allies did
years as it relates to the obama administration is not positive for stocks. they don't want to say it. they don't want to write it. but you can find it everywhere. the evidence is mounting all over the street that the last two weeks there is a massive outside allocation shift as a result of it. this is what i want to say. i find it very disturbing when people walk into this building, come on air, talk about the portfolios. if you're a loan only manager you have to try to find stocks that are working but, remember, there's nothing wrong with holding cash or saying it like you think it is. i want to point something out here. this is the wellington letter. he writes he's been doing this for 35 years. this is what he said in the edition that came out yesterday. bat ten down the hatches. protect your assets, your business, your job. this is no longer a theoretical exercise. i want to tell you, carl, i find it disgusting that a lot of people are saying that to their clients and they're saying that across the board but they're not putting it in print. if you're saying something like that, ha
attack on the u.s. mission in benghazi, libya. republicans, they stepped up their criticism of the obama administration after the president's strong defense yesterday of u.n. ambassador suzanne rice. rice originally said the attack resulted from protests over an anti-islamic video. while some democrats defended rice today, one congressman called the president a liar. >> what is clear is that this administration, including the president himself, has intentionally misinformed, lied to the american people in the aftermath of this tragedy. >> information that rice received, she cede from the administration, and that information is what she knew at that time. whether or not she knew other information and whether or not she told the truth, that is not an issue here. >> the fact is without iffing gu intoou all the details, documents received so that in 24 hours of the attack people m intelligence community believe that this was a terrorist attack, there was a planned attack, and so when they knew that the day after, which would have been september 12th, why on september 14th was general petraeu
. in this state they ignored this attack by the obama administration on religious liberties, which obamacare and -- almost 80% of the catholics in this state voted for liberal democrats, abortion. guy think it was a big problem by the church not speaking out. they seem to be so afraid of lawyers and being sued that they were calworks -- were cowards, especially from the pulpits. they totally neglected it. i don't blame the republicans. i blame the catholic church. host: we are asking republicans only this morning to discuss the future of their party, basically because of all the voices that continued on the weekend, republican voices, leaders of the party talking about what mitt romney has said about why he lost and how to afford. rick santorum, a former pennsylvania senator, writes -- today."n "usa as for another republican voice, marco rubio. this is a store in "politico" this morning. -- a story. there's a little of what the senator had to say. [video clip] >> we start with a very simple motion. a way to turn our economy around is not by making rich people poor. it's by making poor people
. the obama administration had a special envoy, the foremaner senator george mitchell, but he gave up his efforts about a year and a half or so ago, and there's been no u.s. serious -- no u.s. mediation since then, but i think with a new secretary of state and new administration, the president just re-elected there will be an intensified u.s. effort underway fairly soon. let's see if there's a cease-fire first. >> yeah, wolf, we had a chance to talk to george mitchell last week about some of his efforts in that area. what do you think? does tony blair think this new egyptian president of the muslim brotherhood, mohammed morsi will be somebody who really wants to create peace there, because we know he has a very different relationship with hamas than the former egyptian president. >> right. he is much more different than former president hosnni mubarak. he has a lot at stake right now, and he knows it, president mor of egypt. he is trying to improve his country, and he knows if egypt, for example, were to sever its peace treaty, that was seriously rupture the entire egyptian relationship w
-ed, the goldman sachs ceo says the obama administration should model itself after the roosevelt administration, back to the great depression and world war ii. blankfein notes in the 19 there was, quote, extreme bitterness between the business community and the roosevelt administration, but two sides worked together and spurred an increase in industrial production that lifted the united states out of the great depression. blankfein also writes there's more than $1 trillion of cash sitting on the balance sheets of non-u.s. financial companies with certainty about tax rates, companies will increase their capital expenditures, currently at anemic levels. he goes on to add that broadening the personal income tax base by closing loopholes will generate substantial additional revenue while minimizing increases in marginal rates that could stifle risk taking and robust growth. blankfein also stresses the importance of restoring confidence in public finance by implementing spending cuts, entitlement reform, and revenue increases. in the meantime, richard fisher tells cnbc that the central bank can't do
made perhaps under the obama administration as the chief economist pointed out in a press conference at the eia. another factor that they are looking back in terms of the international energy trade is the direction where oil is going and we're going to see a lot more of oil going from the middle east to asia as the u.s. becomes less dependent on middle eastern oil. that's something that will change. we're also looking at what's happening in terms of the natural gas landscape and there again the international agency is saying that we will see the u.s. becoming self-sufficient by 2035 and reducing its dependence in terms of where it will get natural gas and in fact becoming a net exporter of natural gas by 2020. a lot of key revelations here from the international energy agency. some say it may be too bold a prediction but many analysts have said the u.s. will have to change in terms of the debate that's been going on about foreign oil particularly what we heard over the election cycle. the fact that we are looking at the u.s. becoming self-sufficient by 2035 and in fact becoming the t
moment. i think the message you hear from the obama administration is that moment is not coming back again. you have to pick your fights and pick them according to national interests. i think what will be fascinating in the mideast, as you saw in libya, where we got into a discussion, a debate between the republican defense secretary, robert gates, who said there is no national interest here and people like secretary clinton, susan rice and others who said we have a responsibility to protect and not was the argument for going in and -- that was the argument for going in. that argument remains unsettled today, and that is the doubt i think you were picking up on in your question. >> i will make several comments. in europe, a look at it this way. first, when you look at, globally, countries, the united states has had the capability, and even in this period of time, but secondly, it is the united states that has taken the responsibility and stepped forward. i cannot point to another country that has been willing to take that responsibility. having said that, david refers to how we
administration particularly the obama years and whether we are getting any stronger or whether we are in a more precarious position than we have been before. >> host: mary in chris christie, texas, you are on booktv with david rothkopf. >> caller: i find this conversation very interesting. i was wondering if you could comment on the reckoning that is to come a little bit. >> guest: one dimension of the reckoning that lies ahead is the competition between capitalism. right now in the united states coming out of a period where we have in the ascending power, we have been the ones who have sort of set the standard for all markets and governments should work together but clearly the asian economies are thriving and growing faster and their version of capitalism which is a much bigger role for government, which has government playing more of a straw role in picking winners and losers, determining who gets educator and how they get educated, those forms of capitalism seem to be gaining the upper hand in the global debate and we have to recognize if we don't address the flaws in our own system like th
hank paulson operating but the bush did ministration had ended. the obama administration hadn't started. i was frustrated. the president -- president obama said we only have one president at a time and i said that overstates the number of presidents we now have. that was part of the problem but with all that the money is paid back substantially. it stabilized the economy and i know is very unpopular. the and popularity began, at a particular point in time. when a ig -- >> the democrats if you really think about it -- aig and all that. >> blamed for the unpopularity of t.a.r.p.. it was initiated free t.a.r.p.. it came from the fed on its own but when it came out that aig played the bonus i never saw the public so a angry. successful policy that could have been better and succeeded at what it did and what had to be done. ultimately will be seen as laying the groundwork for a recovery. >> you are not going to be in your job next year. the first thing to deal with wall street, i was going -- the bad joke going nowhere fast but let's not go there. i want to ask you this. less than a minute l
administration and president obama is going to have a decision very much like the one president bush had in 2002. right now we need to step back and think creatively. are there other scenarios that we can work that can get a good result in iran? without leaving the president of the united states where he only has two choices? go to war, or accept a nuclear- powered iran. neither of those is attractive. now is the time to think of it -- think creatively about an acceptable outcome in iran and avoid the halcyon choice. >> are you concerned about is real? >> interesting, israel has a lot at stake, but they are also an independent decision maker. they have their own interest in this and have made it clear that they are not prepared to except without some of the military action iran with a clear path to a nuclear weapon. one scenario would be for the illustration to try to engage with the iranians diplomatically. with the other countries involved in the so called p five. offering a robust disclosure to the iranians if there regime will give up its nuclear program. to test them, to see if there is a d
administration advisers to give their opinions of the fiscal cliff, and peter orszag was president obama's budget director. next, they are interviewed by peter cook for about a half hour. >> >> the fiscal problems and the tax issues. we have some people. we're talking about finding ground. i am talking with peter orszag sa. we have professor martin feldstein. he has commented on these issues, and donald merrin. we have three experts to talk about these issues. walk us through this minefield and see where they year might be common ground. peter orszag, let me start with you, and the basic question about whether or not tax revenue has to be part of this conversation to begin with and whether the two sites, whether there is more common ground. >> tax revenue has to be part of the solution here, but because of the underlying budget math, but also because of the election that was just held and the desire of at least the administration to obtain that additional revenue. on the substance, the point i would make is whatever comes out of this fiscal cliff arrangements, i will now step out of the bounds of
by once again welcoming president barack obama and his administration to thailand. thailand is the first country president obama choose to visit following the election less than two weeks ago. we recognize the significance of the president and we all thank you for being here today. president obama, it is the perfect occasion to launch the celebration of 180 anniversary of thailand next year. i thank president obama and secretary clinton for actively promo promote... this afternoon i have the honor of accompanying the president for an audience with his majesty the king. the close relationship between our two countries at the highest level. lastly, at the bilateral meetings we had... discussion a partnership. thailand is the oldest ally of u.s. in asia and a long lasting one with commitment to democracy, human rights and free markets. i expressed to the president that it is my firm commitment to the people to preserve and protect the democratic system and i have shared the president's support of democracy in thailand. and democracy will lead to economic prospects. we look to the future and
much and where? >> well i think this is a tremendous opportunity for barack obama to lead. he chose not to do that at the start of his administration in 08. instead of focusing on the economy went right after obamacare. he is basketball player. i think he could pull the ultimate head fake and actually not raise rates on small businesses. the markets would soar. he would get a lot of goodwill. he gets the budget in place and doesn't touch tax rates on small businesses, i think his approval ratings and market goes through the roof. rick: i had thought maybe we would hear from pete where the republicans would be willing to compromise instead of where he thinks the president would be willing to come promize. but, sometime mon, that said, 47% of the american people voted for mitt romney and the points that he was making during the campaign. don't those folks have any kind of say in this? >> sure absolutely. i think, the country wants, i think as the president said, that he got a mandate for action and i think it is now going to come down to his leadership along with the house and senate
administration, no, sir knot a lot of trust in the obama team of him, fear that he could run for president, not a great relationship between him and the president, seem to have been repaired, had to be part of the backdrop here, a certain lack of trust. >> well, general petraeus spent much of the last decade abroad, he hasser is thfd country very well. did the honorable thing. we have this tendency in washington to want to tear people down when they have made a mistake, when they have fallen -- a legitimate american hero, he has got great contributions to make in the future. he will clearly have to navigate this very difficult personal issue but he has served this country well and this country is more secure today because of general david petraeus and this country owes him a debt of gratitude for that. >> no question about that doris, as i have said this weekend, not exactly a topic that brings husbands and wives closer together. your thoughts about this in terms of what should happen? >> i don't know. i think in general, i wish we could go back to the time when the private lives of our pu
during the entire bush administration. by the time president obama is rehydrated on january 20th, there's probably about 300 in his first term. cipro is an example of something the united states was worried about defensively, but was only beginning to go ostensibly at the very end of the bush administration. olympic games, program against iran was something that managed to expand considerably until someone made a programming error and got out to the world. special forces is something we've been lying on far more now as a light footprint strategy than we ever did before. with each one of these repulsive discovered that the return curve of when other powers or nonstate actors will have the same technology is shorter and shorter. so you now, we see china, israel, others have drones now. every nymphet drums right now. it's going to be a very short time. before we do with the other side of that. we're already dealing with cyberattacks each and every day on our infrastructure, not the kind in the olympic games, but similar kinds. the answer to your question is it can reinforce existing power
] >> getting the relationship right is something we will get right in president obama's second term. we have taken steps to that this morning in beijing. this has been an intense focus of the administration. the president had 13 face to face meetings with president obama we have built out an extensive set of mechanisms with channels of communication to work on this relationship and i think it has resulted in a positive and constructive relationship. there will be issues but we put in place a superstructure for the way to manage these issues going forward. i spent an enormous amount of time with the chinese leadership and i think we can have put in place the mechanisms to have a productive and constructive relationship and i look forward to working with the new leadership in beijing. host: related to what he was saying, i want to go back to your piece on foreign affairs -- as the u.s. tries to rebalance its strategic priorities and asia -- explain what that means. guest: it is rebalancing strategic focus on resources. it is a way -- is pointing them away from the middle east. it is clear that
it can be done. >> president obama will begin formal budget talks with house and senate leaders tomorrow. he met with several ceos at the white house yesterday. administration officials say he told them any deficit deal must be balanced with higher taxes for the wealthy as well as retitlement reform. >>> now let's talk with senior u.s. economist at barclays capital here in london. because you wanted to tell us just what they're going to do to resolve the fiscal cliff. maybe you have some answer that seems to have eluded everyone else. >> our view is probably similar to everyone else's in that there's strongen send difference to come to an agreement. the timing is the issue and the question is do we go over the cliff first before we come back. so as the president said yesterday, he's willing to look at options, but he's pretty skre skeptical that we can get the number that is he wants without a tax increase. so the outcome of the election does make it more likely that we test the cliff that we go over, tax rates go higher and we hope that incentivizes an outcome. >> this is one scenario t
about it, the only reason we didn't have immigration reform during the bush administration is because two gentlemen, rahm emanuel in the house and barack obama in the senate decided to vote for an amendment to the immigration bills that actually help the union. they were backed by the unions, and they decided that they would poison the well by voting for those amendments that killed immigration reform. nobody talks about that in the immediate, but it was liberal labor unions and those barack obama in the senate who decided to poison the well. he did it again this time, and i think as republicans we have to be smarter than we have been on this issue in the past. we have to look past the easy of the other side and find a rational solution to immigrati immigration. >> i find common ground with that analysis, raul, and i think also that marco rubio has done a very good job of articulating some of the things that emerged from this white house, and not, not, i don't know that you can, you can make a very strong case that republicans have been hostile on this dialog so much as it has been th
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